(Reuters) – China’s ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank’s party secretary on Saturday, a move the Wall Street Journal said would be a prelude to …
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China’s Gen Z graduates fear they have ‘blank paper’ diplomas as youth unemployment hits a 20% and the economy chokes on anemic growth
Youth unemployment has been surging in China in recent months. VCG—Getty Images The trouble began in April. That month, Chinese government data showed that one in five young workers—between the ages …
China To Appoint New Central Bank Governor As Xi Jinping Steers With Trusted Allies Amid Economic Challenges: WSJ
China’s leadership is reportedly set to appoint Pan Gongsheng, a deputy governor of the People’s Bank of China (PBOC), as the new head of the central bank, according to sources familiar with the …
Breathing, a sign of relief in Beijing!
China’s remarkable turnaround to improve the air quality in Beijing should serve as an example to the rest of the world, says the writer.
Chinese policy bank steps up financial support for forest ecology
The China Development Bank (CDB), one of the country’s policy banks, stepped up financial support for forestry ecological construction in the first five months. The lender issued 7.4 billion yuan …
China central bank vows to stabilise yuan as slide deepens
The monetary authority also vowed to increase support for the economy more broadly, as domestic demand is still “not strong.” …
China Plans to Name Pan Gongsheng as New PBOC Governor: WSJ
China plans to appoint Pan Gongsheng as the central bank’s new governor, the Wall Street Journal reported, citing unidentified people familiar with the matter.
China’s yuan to remain under pressure amid stalling economic recovery, as central bank weighs moves to stem weakness
Yuan has weakened by 4.7 per cent against the US dollar since the start of the year, but the central bank has refrained from direct interventionOverseas exporters have sold the yuan in favour of …
China’s state financial sector braces for ‘one of the toughest years’
Executives say morale has plummeted since an overhaul was announced in March It aims to fight corruption and bring the sector under more direct control of the party Executives working in China’s state …
China Plans to Appoint a New Central-Bank Governor
Chinese leaders plan to appoint Pan Gongsheng, a deputy governor of the People’s Bank of China, as the central bank’s new head, according to people familiar with the situation.
China plans to appoint Pan Gongsheng as new Central Bank head- WSJ
June 30 (Reuters) – China plans to appoint Pan Gongsheng, a deputy governor of the People’s Bank Of China, as the new head of the country’s central bank, the Wall Street Journal reported on Friday,…
External Financial Assets Of China’s Banking Sector Hit $1.57 Trillion
(wam) — external financial assets of china’s banking sector reached us$1.57 trillion at the end of march, official dat …
China is ‘entering a balance sheet recession’ as borrowers shy away from new debt in a potential replay of Japan’s ‘lost decades’
Construction workers in Shenzhen, in China’s southern Guangdong province. When China abandoned its lockdown-heavy “COVID zero” policy late last year, it was widely predicted that the nation’s economy …